Economist Frederick Thayer ...

Economist Frederick Thayer has studied the history of our balanced-budget crusades and has come up with some depressing statistics. We have had six major depressions in our history (1819, 1837, 1857, 1873, 1893 and 1929); all six of them followed sustained periods of reducing the national debt. We have had almost chronic deficits since the 1930s, and there has been no depression since then - the longest crash-free period in our history.
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 Molly Ivins

Quotes from the same author

the pyramids were built for pharaohs on the happy theory that they could take their stuff with them. Versailles was built for kings on the theory that they should live surrounded by the finest stuff. The Mall of America is built on the premise that we should all be able to afford this stuff. It may be a shallow culture, but it's by-God democratic. Sneer if you dare; this is something new in world history.
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 Molly Ivins
The advantage of being able to identify sin is that you can go out and do it, and enjoy it.
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 Molly Ivins
The impulse to make ourselves safer by making ourselves less free is an old one ... When we are badly frightened, we think we can make ourselves safer by sacrificing some of our liberties. We did it during the McCarthy era out of fear of communism. Less liberty is regularly proposed as a solution to crime, to pornography, to illegal immigration, to abortion, to all kinds of threats.
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 Molly Ivins
On Bill Clinton: "If left to my own devices, I'd spend all my time pointing out that he's weaker than bus-station chili. But the man is so constantly subjected to such hideous and unfair abuse that I wind up standing up for him on the general principle that some fairness should be applied. Besides, no one but a fool or a Republican ever took him for a liberal.
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 Molly Ivins
no one has ever accused Texas of being in the vanguard of social progress. This is the most macho state in the U.S. of A. By lore, legend, and fact, Texas is 'hell' on women and horses.
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 Molly Ivins